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Gold and silver extended their selloff on Monday, building on the sharp losses from Friday’s session. Spot gold fell nearly 10% on Friday, while silver saw an even steeper drop of around 30%, marking one of its biggest short-term moves in years. The continued weakness suggests that last week’s rout wasn’t just a one-day event. Some of the pressure appears to be coming from profit-taking after a strong run earlier this year, along with shifting expectations around interest rates and …
— ORIGINAL POST ·
Gold slumps 5% and silver crashes 10%, extending sell-off in precious metals after historic plunge
· r/stocks
· Feb 2, 2026